Listed by Marcus & Millichap - New Jersey
$1,900,000
Value-Add Bergen County Mixed-Use
Details
APN 18-00229-0000-00001
Property Type Retail, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 5,185
Units 1
Cap Rate 5.85%
NOI $111,153
Tenancy Multi
Year Built 1912
Stories 1
Acreage 0.110
Zoning RC
Ground Lease No
About This Property
Marketing description
Marcus & Millichap is pleased to exclusively present 390 Fairview Avenue, Fairview, Bergen County, New Jersey.
Investment highlights
- +/- 5,185 SF Corner Mixed-Use Building With On-Site Parking In Borough Of Fairview, Bergen County, New Jersey
- All Brick Building With (1) Retail Unit And (5) Residential Apartments
- Residential Unit Mix Consists of (3) 2 Bed/1 Bath Units and (2) 3 Bed/1 Bath Units
- Favorable Rent Control – 10% Annual Increase on Existing Tenant*, Vacancy Decontrol
- Below Market Rents – Approx. 20% Upside
- 1 Block From North Hudson County Park; A 167-Acre Lakefront Park With Sports Facilities, Walking Trails And A Dog Park
- Immediate Access To All Major Public And Transportation Routes: Route 1&9, Route 46, I-95, George Washington Bridge And The Lincoln Tunnel
- Nearby National Tenants Include CVS, Walgreens, Dunkin' And Starbucks
- Dense Demographics With Over 58,000 People With An Average Income Over $110,000 Within 1-Mile Of The Subject Property
*Increase is capped to 7% to qualified senior citizens and disabled persons
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,153.00
$9,262.75/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
Map
Zoning
R-C ResidentialMulti FamilyMedium Density Three To Six Family
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View all 16 uses
View all 16 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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